Bank of America Corporation $BAC Holdings Cut by International Assets Investment Management LLC

International Assets Investment Management LLC trimmed its position in Bank of America Corporation (NYSE:BAC) by 67.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,744 shares of the financial services provider’s stock after selling 226,376 shares during the period. International Assets Investment Management LLC’s holdings in Bank of America were worth $5,843,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Turim 21 Investimentos Ltda. purchased a new position in Bank of America during the second quarter worth about $25,000. Cherry Tree Wealth Management LLC increased its stake in Bank of America by 167.6% in the 2nd quarter. Cherry Tree Wealth Management LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 300 shares during the last quarter. Principia Wealth Advisory LLC increased its stake in Bank of America by 69.9% in the 2nd quarter. Principia Wealth Advisory LLC now owns 530 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 218 shares during the last quarter. Balance Wealth Partners LLC purchased a new stake in shares of Bank of America in the 3rd quarter valued at about $33,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Bank of America in the 2nd quarter valued at about $34,000. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BAC. Wells Fargo & Company dropped their price target on Bank of America from $69.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. HSBC initiated coverage on shares of Bank of America in a research report on Monday, September 28th. They issued a “buy” rating and a $65.00 price objective on the stock. TD Cowen lowered their target price on shares of Bank of America from $60.00 to $56.00 and set a “hold” rating on the stock in a research note on Thursday, October 15th. UBS Group dropped their target price on shares of Bank of America from $67.00 to $62.00 and set a “buy” rating for the company in a research report on Monday, November 2nd. Finally, Royal Bank Of Canada cut their price target on shares of Bank of America from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.48.

Key Headlines Impacting Bank of America

Here are the key news stories impacting Bank of America this week:

• Positive Sentiment: Bank of America may have room to grow revenue by offering more banking products to Merrill clients, supported by rising wealth balances and lending growth. Read article: BAC Sees Untapped Merrill Banking Potential
• Neutral Sentiment: Consumer banking chief Holly O’Neill expressed optimism about AI’s potential for financial innovation, but the interview did not announce a specific initiative or financial target. Read article: Bank of America’s Holly O’Neill on AI
• Negative Sentiment: A securities class action has been filed on behalf of investors who acquired BAC shares from August 1, 2025, through October 13, 2026. The suit alleges misleading statements; the claims have not been proven. The lead-plaintiff deadline is December 15, adding legal and reputational uncertainty. Read article: Securities class action notice
• Negative Sentiment: Investor-law-firm notices also spotlight Senator Elizabeth Warren’s call for a Justice Department criminal investigation following the bank’s admission that it willfully violated federal anti-money-laundering laws. Further scrutiny could increase legal, compliance, and reputational risks. Read article: BAC investor alert on regulatory scrutiny

Bank of America Price Performance

Shares of NYSE:BAC opened at $49.54 on Friday. The stock has a market cap of $341.82 billion, a PE ratio of 11.77, a PEG ratio of 0.87 and a beta of 1.19. The company’s fifty day moving average is $55.24 and its 200 day moving average is $54.89. Bank of America Corporation has a 52 week low of $46.12 and a 52 week high of $65.22. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.17.

Bank of America (NYSE:BAC) last posted its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.02). Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The business had revenue of $29.96 billion during the quarter, compared to the consensus estimate of $30.58 billion. During the same period in the prior year, the firm earned $1.06 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. Research analysts anticipate that Bank of America Corporation will post 4.51 earnings per share for the current year.

Bank of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders of record on Friday, December 4th will be issued a $0.32 dividend. The ex-dividend date is Friday, December 4th. This represents a $1.28 annualized dividend and a dividend yield of 2.6%. Bank of America’s payout ratio is currently 30.40%.

About Bank of America

Bank of America Corporation is a financial services company serving consumers, businesses, institutional investors and government entities. Its offerings include checking and savings accounts, credit and debit cards, mortgages, auto loans and other lending, as well as payment and treasury services.

The company also provides investment and wealth management through Merrill and Bank of America Private Bank, and serves corporate and institutional clients with commercial banking, capital markets, trading and advisory services.

Bank of America traces its history to the Bank of Italy, founded in San Francisco in 1904 by Amadeo Peter Giannini.